Maritime Vessels Directory

Samsung Heavy Industries has signed a $226 million (KRW 307.4 billion) contract to build two very large gas carriers (VLGCs) for an undisclosed shipowner in Bermuda, according to a Korean stock exchange regulatory filing.The contract was signed on September 29 and runs through February 28, 2030, with the end date based on the vessels' delivery date.Payments will be made according to construction progress, with the contract including an advance payment.The order represents 2.9% of Samsung Heavy Industries' $7.81 billion (KRW 10.65 trillion) in annual revenue based on its 2025 consolidated financial statements.

Jianglong Shipbuilding Signs $40M Vessel Construction Deal

2 days ago

Chinese workboat and specialist vessel builder Jianglong Shipbuilding Technology has signed contracts worth $40 million to build two 78-meter multi-purpose offshore supply vessels for an undisclosed customer, with deliveries scheduled for 2028.The first vessel is due to be delivered on or before June 19, 2028, followed by the second on or before August 18, 2028. Payments will be made in installments as construction progresses.The contract value, which excludes owner-supplied items, is equivalent to about $40 million (269.5 million yuan) and represents 38.35% of Jianglong Shipbuilding's audited operating revenue for 2025.

Washburn & Doughty Delivers Tug to McAllister

5 days ago

McAllister Towing received the tug Mary McAllister from Washburn & Doughty Associates, Inc. in Maine. Mary McAllister is the sixth in a seven-tug series of American Bureau of Shipping-classed and certified 84-metric-ton bollard pull, low-emission tractor tugs. Mary McAllister is powered by CAT Tier IV engines producing 6,770 horsepower. She is classed with the following certifications and endorsements from ABS: +A-1 Towing, +AMS, Fire Fighting (FiFi 1), Escort, Low Emissions Vessel. Her firefighting prowess includes pumps and monitors capable of producing 12,000 gallons of water and foam per minute.Mary McAllister left Washburn & Doughty just in time to ride out the approaching nor'easter.

KOTUG Buys Majority Stake in Dubai’s Vortex Offshore

18 minutes ago

KOTUG International has acquired a majority stake in Dubai-based Vortex Offshore, expanding its vessel fleet and offshore maritime operations in the Middle East.Vortex Offshore operates 11 offshore vessels in the region and has another four under construction, supporting offshore energy, marine transportation, towage and related maritime activities.The acquisition builds on KOTUG's existing Middle East operations, which include subsea services, vessel management and the management of maritime operations from its regional office in Dubai.“This acquisition is a significant step in KOTUG’s long-term growth strategy.

DEME Installs Final Monopile at Nordlicht I Offshore Wind Farm

30 minutes ago

DEME has installed the 68th and final monopile at Vattenfall's 980 MW Nordlicht I offshore wind farm in the German North Sea, completing the project's monopile installation campaign.The milestone follows installation of the first monopile in July and the first transition piece in August. DEME carried out the monopile campaign using its offshore installation vessel Orion.Nordlicht I is located about 85 kilometers north of the German island of Borkum and is set to become Germany's largest offshore wind farm once completed.The work forms part of contracts awarded to DEME for the transport and installation of 112 foundations across the Nordlicht I and II projects, as well as scour protection.

Maritime Reporter and Engineering News (August 2026)